Marc Faber comment on US economy
Investment analyst and entrepreneur Dr. Marc Faber concluded his monthly bulletin (June 2008) with the Following:
''The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part.'
Thursday, September 25, 2008
Wednesday, September 24, 2008
POSSIBILITY OF CREATIVITY
POSSIBILITY OF CREATIVITY
Even with good training and strong motivation, being a successful entrepreneur is tricky. You have to live with having control and not having control at the same time. It's like this: In big businesses, when you need to cross a river, you simply design a bridge, build it, and march right across. But in a small venture, you must climb on the rocks. You don't know exactly where each step will take you, but you do know the general direction you're moving in. If you make a mistake, you get wet. If your calculations are wrong, you have to inch your way back to safety and find a different route. And, as you jump from rock to slippery rock, you have to like the feeling.
Please find your true calling and love your craft, the risks may outweigh the rewards. Sure, training, talent, and that
most elusive component, good timing, are essential. But they are not enough.You need to have a true passion for what you're doing.
According to one story, when God made the world, he left it a little bit incomplete. Instead of making bread God gave us wheat; instead of bricks, we have clay, and we have to bake the bricks ourselves. Why? So that we are partners in completing the act of creation. Our time on earth is important; we are not passive observers but active participants in making the world a better place. That sense of individual responsibility- the need to ask. How will I participate?- If you are the possibility of creativity, everything works. Just be the POSSIBILTY OF CREATIVITY
Even with good training and strong motivation, being a successful entrepreneur is tricky. You have to live with having control and not having control at the same time. It's like this: In big businesses, when you need to cross a river, you simply design a bridge, build it, and march right across. But in a small venture, you must climb on the rocks. You don't know exactly where each step will take you, but you do know the general direction you're moving in. If you make a mistake, you get wet. If your calculations are wrong, you have to inch your way back to safety and find a different route. And, as you jump from rock to slippery rock, you have to like the feeling.
Please find your true calling and love your craft, the risks may outweigh the rewards. Sure, training, talent, and that
most elusive component, good timing, are essential. But they are not enough.You need to have a true passion for what you're doing.
According to one story, when God made the world, he left it a little bit incomplete. Instead of making bread God gave us wheat; instead of bricks, we have clay, and we have to bake the bricks ourselves. Why? So that we are partners in completing the act of creation. Our time on earth is important; we are not passive observers but active participants in making the world a better place. That sense of individual responsibility- the need to ask. How will I participate?- If you are the possibility of creativity, everything works. Just be the POSSIBILTY OF CREATIVITY
Wednesday, September 10, 2008
Startup Saturday Bangalore September
It is time for another exciting event of Startup Saturday. This month, it will be organized as scheduled on the 13 September (Second Saturday).
We are having special guests who are experts in each of the areas to spend time and speak of their experiences and also address with case studies.
It is a free event, Registration is must!
1. Product marketing and go-to-market strategies - consumer behavior, segmentation and targeting; positioning and business models; pricing strategy; distribution and scaling strategies
2. Funding, Valuation and Exits - financial models, valuation techniques, capitalization and structuring, exit strategy
3. Sales management - lead management and tracking, incentivising sales and targeting, negotiation and etiquettes, revenue realisation and optimisation
4. Managing new products and innovation - applying technology in products; generating product road maps; involving employees and customers in creating innovation and protecting IP
5. Processes and Statutory compliances - Budgeting and accounting processes, cash and credit management, payroll, taxes and statutory laws (companies, local, employee, export/import, FEMA)
Venue: Indian Institute of Management (IIM), Bangalore
Time: 10 AM - 5 PM
Location: Auditorium (Easily accessible from NSRCEL or Cafe Coffee Day)
Visit StatupSaturday and register yourself.
------------------------------------
Speakers:
Dr. Vishy Poosala Head of Bell Labs – India Founder and CTO – Geopepper Venture
Talking on Managing innovation and products
-----------------------------------------------
Ganesh Rengaswamy- Adviser, Indavest Ventures co-founder, Travel Guru; ex-India Investments lead at Greylock Ventures
Talking on Funding, Valuation and Exits
--------------------------------------
Anand Prakash Jangid of Anand Prakash & Associates Chartered Accountants
Talking on Processes and Statutory compliances
You can read the profiles at http://www.startupsaturday.in/index.php?title=Bangalore
We are having special guests who are experts in each of the areas to spend time and speak of their experiences and also address with case studies.
It is a free event, Registration is must!
1. Product marketing and go-to-market strategies - consumer behavior, segmentation and targeting; positioning and business models; pricing strategy; distribution and scaling strategies
2. Funding, Valuation and Exits - financial models, valuation techniques, capitalization and structuring, exit strategy
3. Sales management - lead management and tracking, incentivising sales and targeting, negotiation and etiquettes, revenue realisation and optimisation
4. Managing new products and innovation - applying technology in products; generating product road maps; involving employees and customers in creating innovation and protecting IP
5. Processes and Statutory compliances - Budgeting and accounting processes, cash and credit management, payroll, taxes and statutory laws (companies, local, employee, export/import, FEMA)
Venue: Indian Institute of Management (IIM), Bangalore
Time: 10 AM - 5 PM
Location: Auditorium (Easily accessible from NSRCEL or Cafe Coffee Day)
Visit StatupSaturday and register yourself.
------------------------------------
Speakers:
Dr. Vishy Poosala Head of Bell Labs – India Founder and CTO – Geopepper Venture
Talking on Managing innovation and products
-----------------------------------------------
Ganesh Rengaswamy- Adviser, Indavest Ventures co-founder, Travel Guru; ex-India Investments lead at Greylock Ventures
Talking on Funding, Valuation and Exits
--------------------------------------
Anand Prakash Jangid of Anand Prakash & Associates Chartered Accountants
Talking on Processes and Statutory compliances
You can read the profiles at http://www.startupsaturday.in/index.php?title=Bangalore
Tuesday, September 9, 2008
BUSINESS DEVELOPMENT SKILLS FOR ENTREPRENEURS
BUSINESS DEVELOPMENT SKILLS FOR ENTREPRENEURS
How to Present, Influence and Negotiate
“I know what I have given you. I do not know what you have received” – Antonio Porschia
Today, most presenters are content with “data dumping”, which merely exhibits their
knowledge without understanding the capability of the audience to receive information. The ability to articulate ideas clearly is a prized asset and our two day workshop will address the issue of framing the message in a clear, crisp and concise manner. This program will be especially useful for entrepreneurs who need to make winning pitches with VCs, bankers and investors, persuade and negotiate with clients for a better outcome. Based on the feedback of the previous programme, emphasis will be on the negotiation skills.
------------------------
Dates
29th and 30th September 2008
Venue
IIM Bangalore Campus
Program Directors
Prof Suresh Bhagavatula
T Chendil Kumar (CK)
N S Raghavan Centre for Entrepreneurial Learning
at IIMB
Mr. Girish/Ramesh
NSRCEL, IIMB
Bannerghatta Road, Bangalore 560076
Tel: 26993701 Fax: 26993769
email: nsrcel@iimb.ernet.in
For further details visit www.nsrcel.org
Ticket Price:
6000
Details @ www.NSRCEL.ORG
How to Present, Influence and Negotiate
“I know what I have given you. I do not know what you have received” – Antonio Porschia
Today, most presenters are content with “data dumping”, which merely exhibits their
knowledge without understanding the capability of the audience to receive information. The ability to articulate ideas clearly is a prized asset and our two day workshop will address the issue of framing the message in a clear, crisp and concise manner. This program will be especially useful for entrepreneurs who need to make winning pitches with VCs, bankers and investors, persuade and negotiate with clients for a better outcome. Based on the feedback of the previous programme, emphasis will be on the negotiation skills.
------------------------
Dates
29th and 30th September 2008
Venue
IIM Bangalore Campus
Program Directors
Prof Suresh Bhagavatula
T Chendil Kumar (CK)
N S Raghavan Centre for Entrepreneurial Learning
at IIMB
Mr. Girish/Ramesh
NSRCEL, IIMB
Bannerghatta Road, Bangalore 560076
Tel: 26993701 Fax: 26993769
email: nsrcel@iimb.ernet.in
For further details visit www.nsrcel.org
Ticket Price:
6000
Details @ www.NSRCEL.ORG
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